We've talked about in the short terms that natural gas won't answer the energy crisis in Ukraine. To be realistic, researchers at Stanford and the University of California recently did a two-part study on energy policy. They found that 90% of the world could be powered by renewables, and all that is required to make this changeover is political will. Now, with everyone around this table, the politicians and policy-makers, if there were the political will, it could be done.
For the long term, I believe that's what we should be focusing on. Looking at it in the short term, we won't answer this energy crisis that's going on because of the investments required. An LNG terminal costs up to $7 billion. If you're not going to get market prices by supplying somewhere like Ukraine, that's going to require considerable subsidy from government.
Is it not the case that the gas sector, in order to provide a lower price, would require subsidies from governments?
Mr. Sorensen.